Thunderbird Resources (AU:THB) has released an update.
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Thunderbird Resources Limited has successfully issued 82,533,968 new shares after an underwritten shortfall offer, with plans to deploy the raised capital towards the exploration of their Uranium projects in Canada’s Athabasca Basin, including the flagship Hidden Bay and Surprise Creek projects. The move comes after the company streamlined its portfolio by selling its Peruvian Copper Projects, enhancing its focus on high-potential uranium assets in a favorable market cycle. The company maintains a significant stake in exploration outcomes in Peru through an 8% shareholding and a 30% interest in projects recently drilled.
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